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Ellen, Attorney
Category: Bankruptcy Law
Satisfied Customers: 36714
Experience:  Bankruptcy Lawyer. Experienced.
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filed BK 1 1/2 years ago and the modification amount for tmy

Customer Question

filed BK 1 1/2 years ago and the modification amount for tmy mortgage payment was given, can the mortgage company keep adding more to the original affirmation payment i got?
Submitted: 6 years ago.
Category: Bankruptcy Law
Expert:  Ellen replied 6 years ago.

I am an attorney with 25+ years of legal experience and am working diligently on your answer while I await your response.

Please tell me:
Did you sign a reaffirmation agreement?
Was the modification included in that reaffirmation?
Did you file a 7 or 813 bankruptcy?

Customer: replied 6 years ago.
Yes the payment was in the affirmation i got from the mortgage attorney's office and i filed chapter 7
Expert:  Ellen replied 6 years ago.
The terms of the reaffirmation agreement control. Typically the reaffirmation agreement would state the total amounts of principal outstanding, the interest rate and the payments due. If the terms of the reaffirmation agreement allow the payments to change according to an interest rate change or other rationale, the payments may change.

Please let me know if you have any questions concerning my answer.